Alcon invests $159 mn in eye drug plant in Singapore

"Singapore's robust biomedical presence, and the highly skilled and knowledgeable workforce made it easy to choose Singapore for our new site," said Mr. Christopher Snook, Country President, Novartis Singapore and Head Novartis Group Country Management. "With the opening of this facility, we deepen our relationship with Singapore and strengthen the foundation for the long and very successful future Novartis sees in Singapore."

"Alcon's first ophthalmic pharmaceutical manufacturing facility in Singapore further strengthens our position as a global biomedical hub. To support this growing sector, Singapore will continue to work with companies to develop dedicated infrastructure, industry-ready talent and new manufacturing capabilities. We look forward to deepening our partnership with Alcon and Novartis to create good jobs and exciting careers in Singapore," said Mr. Yeoh Keat Chuan, Managing Director, Economic Development Board.

"Glaucoma is a group of eye diseases that lead to progressive damage of the optic nerve, and is projected to affect nearly 80 million people worldwide by 2020. If left untreated, it leads to irreversible blindness," said Professor Tin Aung, Executive Director, Singapore Eye Research Institute. "In Singapore, glaucoma is a leading cause of blindness4, and is expected to become an even more serious problem in the future."

Currently, the facility employs approximately 150 associates, and is expected to continue to grow as production increases.